The threshold for STR with FDOR (known by most as the sales and use tax enforcers) is 6 months so I keep a clause in my leases that if they move out before occupying the property for at least six months they're also on the hook for paying sales tax on their rent (6.5%  in Orange Co. but varies from 6% to 7% depending on local voters funding their favorite projects with the amount in excess of 6%). 

I suggest not caring, just as i no longer do relative to baltimore city and its corrupt absurdity, fueled by stupidity. 

I will take all the energy I can get, the positive and negative both will fuel me forward.

Hey,Has anyone had any experience purchasing excess bank real estate inventory?

Funded in part with private money and the balance with investment partners, the project created profits in excess of $200,000. 

You now have a Loss in Excess of Basis Scenario and.... guess what?   

I emailed him Sunday regarding notices I received re electricity getting shut off soon due to lack of payment and a $100 fine because of excess garbage put in the front of the property.

Inspection deadline is tomorrow.Thanks again everyone :)___For Context, boiler details:Approximate capacity: 105,000 BTU/hrEfficiency: ConventionalExhaust venting method: Natural draftApproximate age: 38 years 39 years 40 years 41 years Near end of life expectancy Typical life expectancy: Boiler (cast iron) 25 to 50 years Main fuel shut off at:  MeterFailure probability: Medium Supply temperature: 180°F The following issues were noted at the time of the inspection: 1.

Real estate is the last place you want to park excess cash if you believe we are at the top of the cycle. 

I do work to drive long term guests to book directly, as the fees for both HA and AirBnb become excessive.